Tanalys

Gold spot Intraday: key resistance at 1124.8.

Pivot: 1124.8

Our preference: Short positions below 1124.8 with targets @ 1115.9 1110 in extension.

Alternative scenario: Above 1124.8 look for further upside with 1133 1142 as targets.

Comment: As long as 1124.8 is resistance, likely decline to 1115.9.

Supports and resistances:

1142

1133

1124.8

1120.74 Last

1115.9

1110

1104

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